The SEC will likely approve multiple spot bitcoin ETF applications 'within months,' according to JPMorgan.
The Securities and Exchange Commission will likely approve multiple spot bitcoin exchange-traded fund applications soon, given it did not appeal a recent ruling in the case brought against it by Grayscale Investments, according to JPMorgan.
Last week, the SEC let its appeal deadline lapse in the Grayscale case, where the asset manager had won in court the previous month. "The Grayscale Bitcoin Trust is the largest bitcoin fund in the world with $17.7 billion of AUM , and upon conversion to ETF, the discount would likely disappear, implying a $2 billion benefit to investors," they noted.
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